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5345929
AQA GCSE Business Studies -Unit 1
Descripción
GCSE Business Studies Mapa Mental sobre AQA GCSE Business Studies -Unit 1, creado por Anya Riley el 06/05/2016.
Sin etiquetas
gcse
business studies
unit 2
marketing
people in business
operations management
finance
the business organisation
business studies
gcse
Mapa Mental por
Anya Riley
, actualizado hace más de 1 año
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Creado por
Anya Riley
hace más de 8 años
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Resumen del Recurso
AQA GCSE Business Studies -Unit 1
The Business Organisation
Business Ownership Structures
Sole Traders
Advantages
Easy to set up
You are your own boss
You decide how to spend profit
Disadvantages
Long hours
Unlimited liability
Partnerships
Between 2-20 people
All have an equal say in the business
Advantages
More owners = more ideas
More owners = More people to share work
More capital to put into the business
Disadvantages
Each partner is legally responsible for what every other partner does.
Most have unlimited liability
Easily led to disagreements
Limited Companies
Private Limited Companies
Advantages
LIMITED LIABILITY
Independant
Owned by shareholders
Dividends paid to shareholders
Separate legal identity
Maximum of 50 people
Disadvantages
Maximum of 50 people
Expensive to set up
Have to publish financial informatilon
Public Limited Companies
Advantages
Easy access to shares as can be sold on stock market
Large amount of capital can be raised and easy access to it
Anyone can buy shares
Run by board of directors
Shareholders can have a vote and a say in how the business is run
LIMITED LIABILITY
If there are issues such as a loan not geting paid back,then the company is in trouble and NOT the owners
Disadvantages
Anyone can buy shares
Complicated
Lots of rules and regulations
Expensive
Hard to manage effectively
Greater risk of takeover
Legally obliged to publish accounts
Franchises
Nota:
The legal right to use the name, logo and products of a firm.
Advantages
Less risk
Wider marketing
Training
Increase market share
Disadvantages
Can't create new products
Pre-established rules
Possible chance of poor reputation
Aims, Objectives and Business Success
Survival
Profit
Nota:
The money left after all costs are taken from revenue
Growth
Market Share
Nota:
The proportion of total market sales sold by one business
Environmental sustainability
Nota:
This is about minimizing the impact of the firm's activities on the environment.
Ethical Considerations
Nota:
Thinking about whether the company acts in such a way that society believes is morally right
Customer Satisfaction
Nota:
This measures how happy consumers are with the products and services provided by the firm
Aims are long-term goals for a business
Objectives are short-term goals that businesses set to help them to achieve their aims
Stakeholders
Nota:
Anyone who is affected by a business
Different Stakeholders have different ideas of success
Emplyees
Nota:
They are interested in job security and promotional prospects.
Suppliers
Nota:
If the business is successful then they will gain more revenue as the business will be buying more supplies from them.
The Local Community
Nota:
If the business is successful then it may expand, this will create new jobs for the people in the community.
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